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[Tempatan] Arul Kanda memang kaki penipu - Mahathir

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Post time 12-6-2015 09:40 PM | Show all posts |Read mode
Dr M: ‘Fact’ that 1MDB boss lied
BY YISWAREE PALANSAMY

Friday June 12, 2015
06:26 PM GMT+8

UPDATED:
June 12, 2015
09:14 PM GMT+8


KUALA LUMPUR, June 12 — Tun Dr Mahathir Mohamad today brushed aside Arul Kanda Kandasamy’s defence against being called a liar, saying it was a fact that the 1Malaysia Development Bhd (1MDB) president had lied about its finances.

The former prime minister added that being able to explain the confusion over 1MDB’s “cash” in Singapore that turned out to be otherwise, did not alter the reality that Arul Kanda had misled the public over the issue.

“He can answer the authorities but the fact remains that he lied... He claims he saw the US$1 billion. Can you imagine seeing US$1 billion there? I will faint..

“He assured that he saw that and now we find that he didn't see anything at all... he is seeing a lot of things which don't exist... so I just don't believe him,” Dr Mahathir said.

Dr Mahathir was speaking during a press conference at Yayasan Al-Bukhary after attending an international conference to discuss the plight of the Rohingya community.

The former prime minister also added that Arul Kanda should step down as the president of 1MDB, just as three predecessors did, in order to allow proper investigation into the debt-laden firm.

Two days ago, Arul Kanda sought to deflect claims by Dr Mahathir that he repeatedly lied about the company’s dealings, saying dishonesty on his part would be exposed by agencies probing the firm.

The 1MDB president and executive director said he is fully accountable for his actions and answerable to the company’s board and its shareholder, the Ministry of Finance (MoF).

“In the current context, this also includes the Auditor General, Bank Negara Malaysia and the Public Accounts Committee,” he said in a statement.

“These are the lawful authorities to verify whether or not I have ever lied, as has been claimed, as they have access to all information.”

In a blog post three days ago, Dr Mahathir claimed that any information on 1MDB’s investments coming from Arul Kanda cannot be trusted as the latter was allegedly untrustworthy.

Dr Mahathir claimed further that Putrajaya and 1MDB had complicated matters with their attempts to explain what had happened to some US$1.1 billion (RM4.1 billion) that was said to have been parked in a bank in Singapore, only to reveal later that the deposits were in the form of “units” and not cash.

- See more at: http://www.themalaymailonline.co ... thash.86B4MMbF.dpuf
kalau jumpa ular dengan jumpa Arul Kanda, ketuk Arul Kanda dulu...

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Post time 12-6-2015 09:43 PM | Show all posts
mamak kerala nie pun kaki kencing.......
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Post time 12-6-2015 09:45 PM From the mobile phone | Show all posts
Kesian arul kanda,terpaksa menipu bg pihak....
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Post time 12-6-2015 09:46 PM From the mobile phone | Show all posts
Baru nak sebut pepatah ular tu...
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 Author| Post time 12-6-2015 09:46 PM | Show all posts
Acong replied at 12-6-2015 09:43 PM
mamak kerala nie pun kaki kencing.......

kalau jumpa Arul Kanda dengan mamak kerala, nak ketuk siapa dulu??
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Post time 12-6-2015 09:47 PM From the mobile phone | Show all posts
honeybee1802 replied at 12-6-2015 09:45 PM
Kesian arul kanda,terpaksa menipu bg pihak....

PM kita iaitu Rosmah
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Post time 12-6-2015 09:55 PM | Show all posts
freebird replied at 12-6-2015 09:46 PM
kalau jumpa Arul Kanda dengan mamak kerala, nak ketuk siapa dulu??

ketuk ko dulu   
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Post time 12-6-2015 10:00 PM From the mobile phone | Show all posts
freebird replied at 12-6-2015 09:46 PM
kalau jumpa Arul Kanda dengan mamak kerala, nak ketuk siapa dulu??

Ketuk Tun M dulu..dia yang penipu..dari 42b hilang jadi 27 dan 14 n xilang apa apa..
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 Author| Post time 12-6-2015 10:08 PM | Show all posts
He claims he saw the US$1 billion.


terror si arul kanda ni kelentong sampai bijan pun 'tertipu'...
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Post time 12-6-2015 10:09 PM | Show all posts
Acong replied at 12-6-2015 09:43 PM
mamak kerala nie pun kaki kencing.......

alah biar lah dia...kutuk sesama sedara sendiri juga...sama leluhur...bkn org lain
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 Author| Post time 12-6-2015 10:13 PM | Show all posts

apalak aku...aku tak bersalah, masih suci murni lagi...
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Post time 12-6-2015 10:20 PM | Show all posts
freebird replied at 12-6-2015 10:13 PM
apalak aku...aku tak bersalah, masih suci murni lagi...

ketum tak sapu ky jelly kat ko?   
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 Author| Post time 12-6-2015 10:32 PM | Show all posts
Acong replied at 12-6-2015 10:20 PM
ketum tak sapu ky jelly kat ko?

ketum tu sapa?
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Post time 12-6-2015 11:07 PM | Show all posts
bekas banker lah kata kannn, teknik2 Offshore SPVs etc yang complicated dan structured finance memang dah makanan dia, tak hairan lah ada jejak2 Cayman lah, Singapore lah...

sebab tu pernah ada joke dulu yang kata banker lebih hebat dari magician...
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Post time 12-6-2015 11:17 PM From the mobile phone | Show all posts
Arul tipu ye...tun tidak ye.
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Post time 12-6-2015 11:40 PM From the mobile phone | Show all posts
ResellerMaxis replied at 12-6-2015 10:00 PM
Ketuk Tun M dulu..dia yang penipu..dari 42b hilang jadi 27 dan 14 n xilang apa apa..

Tun tipu ke?..mana ada...dia negarawan ulung taw...tak mungkin dia tipu.
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Post time 12-6-2015 11:45 PM | Show all posts
Ringgit Is Toast – Here’re Proofs Malaysia The First Asian To Hit Recession






JUN122015FacebookTwitterDiggPinterest Linked In
Mahathir Mohamad is perhaps the luckiest person on planet Earth. Besides being the longest-serving Prime Minister of Malaysia, stretching from 1981 to 2003, he also had the luxury experiencing the country’s currency under attack by speculators during the infamous 1997/98 Asia Financial Crisis.
Mahathir Mohamad Staring
Ten years later, during his retirement, he had the second opportunity to see Thailand, the same country attacked in the 1997/98 crisis, being attacked by speculators again in 2006/07. Then, almost ten years later today, Mahathir is witnessing the country’s currency – Ringgit – going up in smoke, once again.

During the climax of 1997/98 recession, the ringgit was traded as low as RM4.73 to USD1 dollar. If you can still remember, Mahathir was practically begging for speculators to stop attacking, when the ringgit lost close to 100% of its value – from RM2.50-USD1 to RM4.73-USD1. He desperately pegged the local currency at RM3.80-USD1 to save the day.
Mahathir Mohamad Meets George Soros - 1997 Asia Financial Crisis
At a ripe age of 89, the lucky devil Mahathir is now having fun seeing the local currency closing in to the RM3.80 to USD1 exchange rate, which he pegged about 16-years ago. And when that happen, he has every reason to celebrate with a lion dance - Jho Low holding the lion’s head and Arul Kanda Kandasamy shaking the lion’s butt, while Najib beating the drum.
Malaysian Ringgit Toast - Najib Razak, Jho Low, Arul - 1MDB Scandal
That would be one heck of a celebration, with tons of firecrackers thrown in. It would be a marvellous sight, representing the real harmonious multiracial society in Malaysia. Who would have thought that the country’s biggest scandal, 1MDB’s RM42 billion debt, has actors made up of a Chinese, an Indian and a Malay, a nice mixture of villains (*grin*)?

About 8-months ago, we wrote how US dollar could wreck havoc in Asia, particularly Malaysia. Today, the writing is on the wall. Over a year and among the five major Asian countries, Malaysian Ringgit is the worst performer, depreciates as much as 16.47% against the US dollar. This follows by Indonesia Rupiah (-10.84%), Singapore Dollar (-7.79%), Thai Baht (-3.85%), Philippine Peso (-3.57%).
Currency Performance - 1 Year - Major Asian Currencies vs US Dollar
The burning question is this: why Malaysian Ringgit was being dumped in such a scale, despite the country having huge resources without natural disaster as compares to its neighbours? Does 1MDB scandal which has accumulated a whopping RM42 billion in debt somehow contributes to the pathetic currency depreciation in values against the greenback?
1MDB Scandal vs USD-Ringgit Currency Collapse
Sure, the strengthening of US dollar was across the globe, so the ringgit should not be singled out. But guess what – all the major Asian currencies – Singapore Dollar, Thai Bhat, Philippine Peso and even Rupiah – appreciate against Malaysian Ringgit for the same 1-year period. In short, the ringgit has turned into toilet papers even within Asian region itself.

Here’s a joke from a Malaysian tourist. This is the safest season for Malaysians to travel to China. No thieves would pick-pocket Malaysian tourists simply because the ringgit is guaranteed to drop in value overnight (*grin*). Amusingly, even the Chinese Renminbi has appreciates as much as 18% against the ringgit over the last 12-months.
Malaysian Ringgit Toast - Seller Counting Money
However, some might argue that a weak currency does not necessarily mean recession. Fair enough. There’re still other resources – palm oil, petroleum, rubber, tin and whatnot. Unfortunately, all these resources are toast as well. In fact, Felda Global Venture (KLSE: FGV, stock-code 5222), the supposedly world’s biggest crude palm oil (CPO) producer is so fucked up that it is secretly selling some assets.

Like it or not, Malaysia is not a premium investment destination anymore. To the investors, the risk of holding ringgit is skyrocketing partly due to 1MDB Scandal. If the prime minister himself was involved in a RM42 billion debt hanky-panky transactions, what guarantees are there that the laws, rules and regulations are still in place?
Onlin
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Post time 12-6-2015 11:45 PM | Show all posts
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Post time 12-6-2015 11:47 PM | Show all posts
Forget about Islamic State militants, tumbling oil prices, China’s weakening economy, Japan’s recession, Germany’s slowing economic data and whatnot. There’s a new problem which will affect every single country on planet Earth. The US dollar has surged to a four-year high against a basket of currencies, breaching key technical resistance. The index – a mix of six major currencies – hit 87.406 on Monday, rising above the key level of 87.

As Federal Reserve prepares to tighten monetary policy, the so-called dollar index has finally broken above its 30-year downtrend line. Based on Chicago Mercantile Exchange’s data, speculative dollars bet are against the euro, the yen, the Australian dollar, Mexican peso, the Canadian dollar, the Swiss franc, sterling, and the New Zealand dollar, in that particular order. The Swedish and Norwegian currencies are also coming under heavy pressure.
Technical Chart - Dollar Index
The US dollar topped 114.20 yen on Monday, its strongest point in nearly 7-years, as yen come under heavy selling pressure after the Bank of Japan, in a surprise announcement last Friday, said it would increase its massive bond-buying program to kick-start its sluggish economy.The Australian dollars fell as low as 86.78 US cents, its weakest level since October 16.

David Bloom, currency chief at HSBC, believes the present dollar bull run is only at the early stages and could appreciate a staggering 20 percent over a 12-month period. Hans Redeker, from Morgan Stanley, said the dollar rally is almost unstoppable at this stage given the roaring US recovery. Hans, on the other hand, believes this will be a four to five-year bull-market in the dollar.
US Dollar Note
If you think above is bad enough, wait till you see the euro reaches $1.12 to the dollar by next year and will be even weaker than the yen, at least that was what the analysts predict. The rule of thumb is that each 10 percent rise in the dollar cuts the inflation rate of 0.5 percent a year later in the United States, hence there’re tons of reason to cheer a stronger dollar, at least to the Americans. But at the same time, this also spells problem to whoever that has huge exposure in the dollar.

Companies in Asia that have borrowed heavily in the US currency during the Fed’s QE phase, betting it would continue to fall, could be in deep trouble if they’re over exposed. Corporate debt in dollars across Asia has jumped from US$300 billion (£187 billion; RM998 billion) to US$2.5 trillion (£1.6 trillion; RM8.3 trillion) since 2005. Data from the Bank for International Settlements show that the dollar “carry-trade” from Hong Kong into China may have reached US$1.2 trillion.
Hong Kong at Night
The International Monetary Fund said US$650 billion (£406 billion; RM2.1 trillion) of capital has flowed into emerging markets as a result of QE that would not otherwise have gone there. Interestingly, this potential problem is not confined to companies that borrowed the US currency. Countries that thought US dollar has no other way to go but south, thus borrowed heavily would be in S-H-I-T as well.
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